Banking & Insurance

in Business, Investing, Markets, Money, Personal Finance, Retail, Retirement, Taxes, Wealth Management

Home Prices Finally Cooling Off? Market Slows In April, But Demand Remains High Despite Rising Mortgage Rates

Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&P Case-Shiller on Tuesday. Home prices are up significantly from last year, but could cool by later in 2022 thanks… More

June 28, 2022, 7:15 am
in Billionaires, Business, Energy, Investing, Markets, Money, Personal Finance, Retirement, Wealth Management

Warren Buffett Adds To Massive Stake In Occidental Petroleum, Buying The Dip After Oil Prices Drop

Topline With oil prices down this month, billionaire investor Warren Buffett is once again buying the dip by adding to one of his favorite energy stocks, as his investing conglomerate Berkshire Hathaway purchased roughly $500 million worth of Occidental Petroleum shares this week. The famed investor now owns nearly one fifth of the energy giant.… More

June 23, 2022, 11:48 am
in Entrepreneurs, Leadership, Money

Are Black Businesses Ready For Another Recession?

From left, Bazaar Los Angeles co-founders Imani Watts and Alexandria Hadley.Bazaar Los Angeles Black businesses were slammed by the pandemic-induced recession of 2020. Although they bounced back fairly strongly in 2021–according to research by Robert Fairlie, a professor at University of California, Santa Cruz–many Black businesses still have some of the vulnerabilities that existed before,… More

June 22, 2022, 3:44 pm
in Business, Energy, Investing, Markets, Money, Personal Finance, Retail, Retirement, Wealth Management

Stocks Fall After Powell Pledges More Big Rate Hikes To Combat Inflation

Topline Stocks fell slightly on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, while Federal Reserve Chair Jerome Powell pledged that the central bank is “strongly committed” to raising rates until inflation moderates. Growing recession fears have continued to drag markets lower. Eduardo… More

June 22, 2022, 6:32 am
in Money

Navigating The Storm While The Economy Cools

A cashier at a Travelex Bureau de Change counts U.S. Dollars (Photo by Ian Waldie/Getty Images) Getty Images The Federal Reserve made a bold decision to raise interest rates 75 basis points, the biggest increase since 1994, as they aim to get the economy back on track and inflation under control. Recently, we’ve seen commentary… More

June 22, 2022, 6:00 am
in Business, Energy, Investing, Markets, Money, Personal Finance, Retirement, Wealth Management

Energy Stocks Jump As Oil Surges Again—Prices Will Remain Elevated Through Summer

Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of Ukraine, some experts are now predicting that prices will decline by next year. Some analysts say oil and gas prices will moderate… More

June 21, 2022, 1:18 pm
in Business, Energy, Investing, Markets, Money, Personal Finance, Retail, Retirement, Wealth Management

Stocks Post Worst Week Since March 2020 Amid ‘Deafening’ Recession Worries

Topline The stock market struggled for direction on Friday after brutal selloffs in recent days, with the benchmark S&P 500 on track for its worst week since March 2020 as investors brace for a looming recession. Markets have had a volatile week following the Fed’s biggest rate hike since 1994. Seth Wenig/ASSOCIATED PRESS Key Facts… More

June 17, 2022, 1:06 pm
in Business, Energy, Investing, Markets, Money, Personal Finance, Retail, Retirement, Wealth Management

Dow Jumps 300 Points After Powell Says Fed Could Hike Rates By 75 Basis Points Again In July

Topline The stock market moved higher on Wednesday after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, while Fed Chair Jerome Powell also signaled that the central bank could raise rates again by the same magnitude at an upcoming meeting next month. The Fed raised interest rates more… More

June 15, 2022, 11:54 am
in Business, Investing, Markets, Money, Personal Finance, Retirement, Taxes, Wealth Management

Mortgages Surge Past 6% And Hit Their Highest Level Since 2008: Housing Market Could ‘Torpedo’ U.S. Economy, Expert Warns

Topline Mortgage rates have surged higher this week as markets digest more aggressive interest-rate hikes from the Federal Reserve, and with the average 30-year fixed mortgage rate hitting its highest level since 2008, experts warn that warning signs in the housing market could spell trouble for the broader economy. Mortgage rates have spiked as markets… More

June 15, 2022, 11:45 am
in Business, Energy, Investing, Markets, Money, Personal Finance, Retirement, Wealth Management

Here’s How Markets Reacted Last Time The Fed Hiked Rates By 75 Basis Points

Federal Reserve Chair Jerome Powell.Alex Brandon/ASSOCIATED PRESS The stock market carnage this year continues to get worse, with the S&P 500 recently falling into a bear market amid rising fears of a looming recession. Investors have grown increasingly concerned about the Federal Reserve’s ability to achieve a “soft landing”—bringing down inflation without plunging the economy… More

June 14, 2022, 1:45 pm
in Business, Energy, Investing, Markets, Money, Personal Finance, Retail, Retirement, Wealth Management

Dow Falls Nearly 300 Points, Treasury Yields Surge As Experts Warn Of A Hard Economic Landing

Topline Stocks fell and rates on government bonds surged on Wednesday as investor concerns about a slowdown in economic growth continued to weigh on markets, while oil jumped to a 13-week high on the back of climbing U.S. gas prices. Stocks will struggle for direction until there are “clear signs” that the Fed is taming… More

June 8, 2022, 1:09 pm
in Business, Energy, Investing, Markets, Money, Personal Finance, Retirement, Wealth Management

Exxon Mobil Shares Hit All-Time High As Oil And Gas Prices Keep Surging With No End In Sight

Topline Shares of energy giant Exxon Mobil surged to a new all-time high on Wednesday, continuing a stellar run this year on the back of rising oil and gas prices, which analysts warn could remain elevated well into late 2022. Exxon shares have risen nearly 65% this year. Dean Mouhtaropoulos/Getty Images Key Facts Shares of… More

June 8, 2022, 7:09 am
in Business, Investing, Markets, Money, Personal Finance, Retirement, Wealth Management

The Economy May Be Slowing, But Recession Fears Are ‘Overblown’ These Experts Argue

Topline Despite the stock market taking a hit in recent months from growing recession fears, some experts still remain cautiously optimistic about the economy’s prospects, predicting that a downturn can be avoided if inflation continues to moderate and consumer spending remains resilient. Though recession calls have been rising, not all economists predict a looming downturn.… More

June 7, 2022, 1:38 pm
in Entrepreneurs, Fintech, Investing, Leadership, Lifestyle, Money, Personal Finance

How Two Africans Overcame Bias To Build A Startup Worth Billions

A pair of twentysomethings from Uganda and Ghana thought there was a fortune to be made bringing transnational financial services to Africa’s 1.2 billion people. With 5 million users, San Francisco-based Chipper Cash is just getting started. It was the summer of 2018, and Ham Serunjogi, a 24-year-old Ugandan immigrant, thought the pitch he was… More

June 6, 2022, 3:30 am
in Business, Investing, Markets, Money, Personal Finance, Wealth Management

Dow Jumps 400 Points, Tech Stocks Rally Despite Gloomy Outlook From Microsoft

Topline The stock market finished higher after choppy trading on Thursday, with consumer and tech stocks leading the gains as investors seemed to ease off recent concerns about a potential economic slowdown triggered by surging inflation and rising rates. Markets attempted to bounce back after last month’s losses. Richard Drew/ASSOCIATED PRESS Key Facts Stocks bounced… More

June 2, 2022, 1:17 pm

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